Hey guys, this is Julie 😄 Let's talk about ADA today:
ADA is falling more than 6% today, should we worry about that?
Honestly, I don't see any reason to worry, ADA is just in the 21 EMA region and today seems to be a red day for some cryptos as well, so it seems like a normal movement, I don't think it will fall again.
As I said in my last analysis, it is very unlikely that ADA will trigger another downtrend because we have some interesting support levels holding it: Fibonacci 61.8% Green line support - I must say that I would be worried if ADA fell below the green line, but even if that happened, we would have the pink line support level (but it is VERY unlikely that ADA will reach that price).
As I always say, I believe in ADA and I really think it will fly again; we just need some time for it to regain its strength.
I am more interested in ADA's weekly chart, so let's wait and see how this chart plays out by the weekend.
Thanks for reading! Follow me and like this idea, please! 😊
Fundamentally cardano is just starting to ramp up activity. SS Ispo will not happen for another month and Meld should go live around that time. Should be a bit of a slow ascent until critical mass on the network turn into parabolic buying pressure. Late March for ATH's and beyond ;) That's what my crytstal ball says.
Brother-Doug
⋅
@ppip, hey I lost my crystal ball awhile back but from what remember I saw ADA hit 2.50ish by the end December beginning of January.🔮📈 And the same goes for ppl and crypto, if you haven't been high in awhile , you always feel the need to come down and adjust, feel the ground under your feet before you get used to the feeling. Just sayin😅
ppip
⋅
@dhartwig76, You mean in 2 days. It's going hit 2.50 in two days. I think that's unlikely. I don't really understand your comment.
Brother-Doug
⋅
@ppip, I appreciate your views. Everyone here has a different view on what they think or see. Hence the sites name. I see ADA hitting at least $2 by the end or very beginning of Jan 2022. If you wouldn't mind sharing your thoughts as to why u think it's unlikely or link your chart idea, I think I would be interested to see your reasoning or perspective.** just checked ur profile and see you don't have ANY ideas ** just alot of input**
Juliehodler
⋅
@dhartwig76, I understand what you are saying and I totally agree 😁
yoyan25478
⋅
w.r.t your statement "I am more interested in ADA's weekly chart, so let's wait and see how this chart plays out by the weekend".. ADA has printed a Green dot in the negative zone of Market Cipher B this week (Weekly Timeframe). The last time a green dot in the negative zone appeared on 06 Jan 2020. Let's go!!!